Thursday 12 December, 2019

Wisynco stock set to rally

In this file photo, Wisynco CEO Andrew Mahfood places his company's name card on the JSE trading board after the firm went public in December 2017.

In this file photo, Wisynco CEO Andrew Mahfood places his company's name card on the JSE trading board after the firm went public in December 2017.

Shares in the Wisynco Group are set to rally in Tuesday’s trading of the Jamaica Stock Exchange (JSE).

The stock closed at an all-time high, $21.22, on Monday, up 3.9 per cent with 145,000 units trading. The stock will open on Tuesday with buyers bidding $24 and above but sellers willing to let go of the stock at a minimum of $26, according to JSE data.

On Monday, Blue Power Group gained 23 per cent to close at $7.99 with 11,000 units trading. Mayberry gained 12 per cent to close at $8.16. Honey Bun led declines, down 17 per cent to close at $5.03.

The JSE Combined Index advanced by 1,965.25 points (0.40 per cent) to close at 490,444.66.

The JSE Index advanced by 1,841.71 points ( 0.37 per cent ) to close at 496,154.12. The Junior Market Index advanced by 24.98 points ( 0.80 per cent ) to close at 3,151.19. The JSE USD Equities Index declined by 2.02 points ( 1.05 per cent ) to close at 190.04. The JSE Financial Index advanced by 0.20 points (0.15 per cent) to close at 133.73.

Overall Market activity resulted from trading in 66 stocks of which 31 advanced, 24 declined and 11 traded firm.

Market volume amounted to 57,184,225 units valued at over $318.3 million. Wigton Windfarm was the volume leader with 48,209,554 units (84.31per cent )followed by Seprod  with 4,234,220 units (7.40 per cent) and Fontana with 675,620 units (1.18 per cent).

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